WEEKLY COMMODITY REPORT BY EPIC RESEARCH- 3 DECEMBER 2012
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WEEKLY COMMODITY REPORT 3RD DECEMBER 2012 WWW.EPICRESEARCH.CO 9752199966 HEADLINES LME copper hits 6-week high, China data aids. London copper rallied to its highest in six weeks on Monday as promising manufacturing data from top consumer China fuelled a cautious return in investors' TRADING TIP: appetite for the metal, although worries over US fiscal woes kept a lid on gains. The pace of activity in China's Buy Copper Feb vast manufacturing sector quickened for the first time in 13 months in November, a survey of private factory Above 442.50 managers found, adding to evidence that the economy is reviving after seven quarters of slowing growth. TGTS-445/450 Gold may glitter as dollar looks to recoup SL-437.70 Gold may gain in the domestic market on Monday with the yellow metal having lost too much in too little time last week. Also, the dollar gained in early Asian Buy Nickel dec currency market against a basket of currencies. Thus, it could look up against the rupee too. Still, gold’s Above 958 movement for the day will hinge on the rupee’s direction. This is because any drop in the value of the TGTS-975/995 rupee can make imports costly. India imports gold to meet its demand. SL- 938 on it to gain in the long-term and have increased their exposure. Holdings in exchange-traded funds that are WWW.EPICRESEARCH.CO 9752199966 backed by gold are also at a record high. MCX WEEKLY GOLD CHART ANALYSIS OPEN: 32247 HIGH: 32464 LOW: 31040 CLOSE: 31101 GOLD LOOKS DOWNWARD TREND: BEARISH STRATEGY: SELL ON RISE WWW.EPICRESEARCH.CO 9752199966 MCX WEEKLY SILVER CHART ANALYSIS OPEN: 63300 HIGH: 64142 LOW: 60968 CLOSE: 61301 SILVER LOOKS DOWNWARD TREND: BEARISH STRATEGY: SELL ON RISE MCX WEEKLY COPPER CHART ANALYSIS OPEN: 430.65 HIGH: 441.45 LOW: 429.05 CLOSE: 440.85 COPPER LOOKS UPWARD TREND: BULLISH STRATEGY: BUY ON DIPS WWW.EPICRESEARCH.CO WWW.EPICRESEARCH.CO 9752199966 9993959693 MCX WEEKLY CRUDE OIL CHART ANALYSIS OPEN: 4905 HIGH: 4932 LOW: 4791 CLOSE: 4847 CRUDE OIL LOOKS SIDEWAYS TREND: CONSOLIDATE STRATEGY: SELL ON RISE www.epicresearch.co 9752199966 COMEX WEEKLY SILVER CHART ANALYSIS OPEN: 34.06 HIGH: 34.38 LOW: 32.89 CLOSE: 33.39 COMEX SILVER LOOKS DOWNWARD TREND: BEARISH STRATEGY: SELL ON RISE www.epicresearch.co 9752199966 COMEX WEEKLY GOLD CHART ANALYSIS OPEN: 1750.43 HIGH: 1751.93 LOW: 1705.70 CLOSE: 1713.37 COMEX GOLD LOOKS DOWANWARD TREND: BEARISH STRATEGY: SELL ON RISE www.epicresearch.co 9752199966 Disclaimer The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE. The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in equity & bullion market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.